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Trolling Buffett Is a New Hobby in the Cryptoverse

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Last updated:

June 26, 2023 06:53 EDT

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Sead Fadilpašić

Journalist

Sead Fadilpašić

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Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

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Last updated:

June 26, 2023 06:53 EDT

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Many public personas have expressed their skepticism in regards to cryptocurrency, but none so vocally as Warren Buffett, the legendary stock investor and long-time bitcoin skeptic. However, crypto fans do not take very well to criticism – especially if all the arguments sound uninformed and unimaginative, as well as loud.

This is why Marco Krohn, the cofounder of Genesis Mining, a cloud mining company, decided to place some billboards outside of Buffett’s office in Omaha, not very different from the Oscar-winning Three Billboards Outside of Ebbing, Missouri movie plot, albeit much more light-hearted, Business Insider reported. Referring to Buffett’s heavy-hearted admission that he was wrong to be pessimistic about tech giants Amazon and Google in their early days, the signs imply he may be repeating the same mistake.

“Warren: you said you were wrong about Google and Amazon. Maybe you’re wrong about Bitcoin?” the billboards say, with a hashtag #BitcoinAwareness.

Buffett also recently called Bitcoin “rat poison squared,” and of course the community wouldn’t let him get away with it so easily. The first reactions were, surprisingly, understanding: Buffett’s tastes lie elsewhere, for example with slow, steady, stable, proven industries.

But crypto enthusiasts put their sense of humor about the situation to good use. ECoinmerce is selling everything from t-shirts to coffee mugs bearing the “Rat Poison Squared” logo, having said that, “We don’t know exactly what ‘rat poison squared’ is supposed to mean. What we do know is that Bitcoin created a very productive ecosystem and spawned the entire cryptocurrency revolution, which is driving innovation in nearly every industry.”